Need some help regarding value date

hiii experts...i want little clarification about value date and its effects... i searched scn and google but my issue is like...when we receive cheque today i.e 11/06/2014... it will be come in bank a/cs nearly on 14/06/2014... so if we write the value date 14/06/2014... will that bank ledger show effect on 14/06/2014... moreoveer the user posted a entry development server for 1/3/2014 and gave value date of 1/4/2014.. now in faglb03... how it will reflect..i know its basic question but i didnt find any solution through searching soo posted... please guide me..
Regards
Abhay

hey mani... thankss for the reply... its shows the meaning which i understood but the effect in ledger... when it will show... value date or posting date??
e.g
a customer gives cheque today 11/6/2014.. user deposits cheque today and it will come into bank account near on 14/6.2014..
IN SAP
user does entry today i.e 11/06/2014
in bank g/l... he gives value date 14/06/2014... now when he posts the entry... the entry will shown in ledger on 11/06/2014... but the actual amount will come in 14/06/2014... soo my question is ... whts the user of value date then if he is posting the document on posting date

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              number = new Double(value.toString()).doubleValue();
              DecimalFormat df = new DecimalFormat(",##0.00");
              ( (JLabel) component).setText(df.format(number));
          return component;
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    I had written a select query as below :
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